Pension plan

6 Months Ended

Dec. 28, 2024

Pension and retirement plan

Pension and retirement plans

8. Pension plan

The Company has a noncontributory defined benefit pension plan that covers substantially all current and some former U.S. employees (the “Plan”). Components of net periodic pension cost for the Plan was as follows:

	Second Quarters Ended				Six Months Ended
	December 28,		December 30,		December 28,		December 30,
	2024		2023		2024		2023
	(Thousands)
Service cost within selling, general and administrative expenses	$	2,870	$	2,563	$	5,740	$	5,126
Interest cost		6,183		6,144		12,366		12,289
Expected return on plan assets		(10,439)		(9,985)		(20,877)		(19,970)
Recognized net actuarial loss and other		1,287		56		2,573		113
Total net periodic pension benefit within other expense, net		(2,969)		(3,785)		(5,938)		(7,568)
Net periodic pension benefit	$	(99)	$	(1,222)	$	(198)	$	(2,442)

The Company made $4.0 million of contributions during the first six months of fiscal 2025 and expects to make additional contributions to the Plan of $4.0 million in the remainder of fiscal 2025.